In this article, we will take a look at the Michael Big Short Burry’s 5 recent stock purchases. To see more such companies, go directly to Michael Big Short Burry’s Recent Stock Purchases.
5. Sibanye Stillwater Limited (NYSE:SBSW)
Number of Hedge Fund Holders: 17
Michael Burry’s Stake: $6,656,000
Mining company Sibanye Stillwater Limited (NYSE:SBSW) was another top stock pick of Michael Burry in the first quarter of this year. Scion bought 800,000 shares of the company that had a total worth about $6.7 million.
As of the end of the last quarter of 2022, 17 hedge funds had stakes in Sibanye Stillwater Limited (NYSE:SBSW). The biggest hedge fund stakeholder of Sibanye Stillwater Limited (NYSE:SBSW) as of the end of last year was Ryan Schedler and Bradley Shisler’s Condire Investors which had a $40.4 million stake in the company.
4. Capital One Financial Corp. (NYSE:COF)
Number of Hedge Fund Holders: 55
Michael Burry’s Stake: $7,212,000
Michael Burry bought a stake worth about $7.2 million in Capital One Financial Corp. (NYSE:COF) in the first quarter. Burry wasn’t the only famous hedge fund that piled into the bank in the period. Warren Buffett’s hedge fund bought a whopping $954 million stake in Capital One Financial Corp. (NYSE:COF) during the period.
Insider Monkey’s database of 943 hedge funds tracked as of the end of the fourth quarter of 2022 shows that 55 hedge funds had stakes in Capital One Financial Corp. (NYSE:COF).
Oakmark Global Fund made the following comment about Capital One Financial Corporation (NYSE:COF) in its Q1 2023 investor letter:
“Capital One Financial Corporation (NYSE:COF)is another long-term Oakmark holding where the stock was dragged into the banking controversy despite not sharing the balance sheet risks (neither securities’ losses nor uninsured deposits) of the failed banks. Capital One has a terrific track record of both growth and risk management under founder CEO Richard Fairbank. We were buying Capital One at roughly 6x this year’s consensus EPS and a discount to tangible book value. Furthermore, we believe long-term earnings power is well above what we will see this year.”
3. Zoom Video Communications, Inc. (NASDAQ:ZM)
Number of Hedge Fund Holders: 36
Michael Burry’s Stake: $7,384,000
Zoom Video Communications, Inc. (NASDAQ:ZM) was a surpisring bet of Michael Burry. With the pandemic now a thing of the past and companies urging their workers to come back to office, Zoom Video Communications, Inc. (NASDAQ:ZM) isn’t an easy choice in the current environment. But some, including Cathie Wood of ARK, believe it’s a solid choice for the long term. Michael Burry’s hedge fund bought a $7.4 million stake in Zoom Video Communications, Inc. (NASDAQ:ZM) during the first quarter of 2023.
2. New York Community Bancorp, Inc. (NYSE:NYCB)
Number of Hedge Fund Holders: 32
Michael Burry’s Stake: $7,684,000
New York Community Bancorp, Inc. (NYSE:NYCB) is one of the few bank stocks posting positive performance this year, having gained about 20% in the period through May 16. Michael Burry’s hedge fund bought a $7.7 million stake in the company during the first quarter. New York Community Bancorp, Inc. (NYSE:NYCB), which has a dividend yield of over 6%, posted its first quarter results in April.
1. Signet Jewelers Limited (NYSE:SIG)
Number of Hedge Fund Holders: 23
Michael Burry’s Stake: $9,722,500
Diamond jewelry retailer Signet Jewelers Limited (NYSE:SIG) got the attention of Michael Burry during the first quarter, as the fund manager bought $9.7 million stake in the company. Signet Jewelers Limited (NYSE:SIG) is up 10% year to date through May 16. Wells Fargo recently gave bullish comments on the stock. Signet Jewelers Limited (NYSE:SIG) also upped its medium term revenue target to a range of $9 billion to $10 billion from its prior view of $9 billion.
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